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Chicago Museum Sells Four Works to Pay for Malevich

By

Kelly Crow

Updated Feb. 9, 2011 5:26 p.m. ET

LONDON—How many paintings does an American museum have to sell to raise funds for a single canvas by Russian modern painter Kazimir Malevich?

On Wednesday, the Art Institute of Chicago sold a quartet of artworks for a combined £10 million ($16.1 million) at Christie's to help pay for its recent purchase of a painting by Malevich, a pioneer in abstract art.